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Updated May 22, 2008 1:24 p.m. ET

There was a glimmer at the end of Ford Motor's tunnel of automotive losses in its quarterly report last month. Well, that tunnel just got longer.

The auto maker, which posted a modest first-quarter profit, said Thursday that it no longer expects to restore full-year profitability in its automotive operations in 2009. Ford also further reduced its North American production targets for this year. The headwinds are formidable. The slumping U.S. economy is sapping demand in the overall auto market. Rising input costs --...